• Wealth Management Services' (WMS) Alternative Investment Products (AIP) service standardizes and automates the end-to-end processing of transactions involving hedge funds, funds-of-funds, private equity and non-traded real estate investments (REITS). In 2013, it achieved several milestones including signing its 100th client, bringing 500 new funds online for automated processing and handling more than 24 million transactions – an increase of 164% over 2012.
  • WMS enhanced its DTCC Payment aXis® service with new and more robust capabilities for the transmission and settlement of omnibus invoices. The improvements were designed to meet increased demand as the industry continues its shift to omnibus accounting. As part of the enhanced offering, Payment aXis® supports 12b-1 activity, Contingent Deferred Sales Charges (CDSC) and other fees by delivering greater operational efficiencies and reducing risk in the mutual funds industry. Further enhancements designed to expand fee processing for omnibus activity are expected for Payment aXis® in 2014.
  • WMS introduced significant enrichments to the Mutual Fund Profile Service Security Issue (Profile) database with the introduction of a Comparison Tool feature, which automates the sourcing of data from public filings and compares it against information in the Profile database. The Profile database was also expanded to facilitate compliance with U.S. Department of Labor Retirement reporting regulations.

SECURING
TODAY

DTCC brought greater efficiencies and heightened security to data exchange in the retirement industry with its Retirement Plan Reporting (RPR) functionality, which provides a set of standard formats to accommodate the information flow among industry participants. RPR delivers increased transparency and oversight in addition to facilitating compliance and sales reporting requirements.

SHAPING
TOMORROW

DTCC is helping to grow the alternative investments industry with the launch of a newly redesigned AIP platform in 2014. The new system will have the capacity to handle significantly more transactions within even shorter processing timeframes and provides the scalability needed to support the automation and growth of the marketplace.